Jan 29, 2013 4:00pm EST
. eventually we'll have to deal with spending cuts and the debt ceiling debate. whether or not that's it. for the meantime, the markets run a long time just because they are soaking up all the stimulus from the fed. >> a lot of stimulus from the other central banks cutting trase today. greg, you want to get in front of this train and fight the fed? >> yeah, i think that the fed is going to continue pushing pretty hard this year but equity investors have to take a look at what's in the fed's tool backs and realize they have shot every arrow that they have got. they will keep gig qe this year, maybe another $1 trillion but even inside the fed there's doubts about how much more effective will be at this stage, what, with long-term interest rates as low as they are. tomorrow i don't expect any fireworks from them. i'll be interested to see how they characterize the economy, whether they are getting more comfortable with it now that we have the biggest piece of the fiscal cliff out of the way or whether they are still concerned that employment is sluggish an inflation is tracking kind of low.
Jan 30, 2013 4:00pm EST
the dysfunction in washington as much as we were even though we do have the debt ceiling fight on the horizon. that's taken a back seat to this momentum in stocks. >> yeah, absolutely. i think that investors should be braced for a potential pullback, but trying to trade it i think is perilous. look, would i have expected a fairly significant pullback in december based on the uncertainty of the fiscal cliff debate. it didn't happen. i think that we were at that time telling our clients to look through the potential weakness and focus on the value and the fact that equities are very likely to be higher in a year from now, concentrate on the longer run, invest, don't trade and we think you'll be well served by that. >> give me your best idea right here then, eric. >> well, i think equities. simply the equity trade. >> what do you remember want to do, etfs, my spector sectors, etfs, how do you do it? >> very broadly. we're an active manager and use a multi-manager approach so we're broadly diversified across countries. emerging markets looks better than developed and procyclical stocks look bette
Jan 31, 2013 4:00pm EST
, the united states senate has just voted to extend the nation's debt ceiling for multiple months. the new deadline now will be may 19th, and that tees up now the next fiscal fight here in washington which will come on march the 1st. it will be over the so-called sequester. all of those automatic spending cuts, will they be allowed to go into effect? that will now be the next big question we wrestle with here in washington, maria. >> thanks so much. >> january jobs figures taking center stage first thing tomorrow morning as the white house shutters its jobs council. hampton pearson on what's sure to move the markets. >> reporter: hi, maria. tomorrow's job reports will have two part, the headline numbers on jobs and the unemployment rate. our cnbc survey predicts employers increasing non-farm payrolls by 1 of,000 jobs versus 155,000 in december. the unemployment rate holding steady at 7.8%. now today we heard that first-time unemployment claims actually jumped by 38000 to a seasonally adjusted 368,000, that according to the labor department. lost in yesterday's focus on negative gdp was the
Feb 1, 2013 4:00pm EST
spending reforms in areas like debt. extension of the debt ceiling for two years. clarification on europe. first, the recession needs to stabilize, but beyond that, policy initiatives clearly indicate a road to political and fiscal and banking reforms and an indication that europe is serious about improving competitiveness. resumption of growth in emerging economies, like china, and finally the federal successfully engineering a modest increase in interest rates without unleashing runaway inflation. maria, these are tall orders, i know, but resolution of all these issues would be a huge boost to business confidence, capital expenditures and hiring would increase dramatically and revenues would rise, and that's what we need, maria. back to you. >> that's some list, bob. >> pretty ambitious. >> we'll be watching that. not everybody is buying into this bull market theory, by the way. pimco's bill gross is actually warning investors to be afraid, and i mean very afraid, of how inflation and the flood of cheap money will impact investments from here on out. bill joins me exclusively from pimco